A partnership between Rosemurgy Properties, Giles Capital Group and Lewis Rental Pro has received construction financing for University Park, a to-be-built, 159-unit, 599-bed student housing community in Boca Raton, Fla.

Madera Residential, owner of the assets in Garland, Texas, will reposition the 35-year-old properties. A major selling point for prospective residents: proximity to Bayside, a $1 billion master-planned, resort-style development.